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The US Economy Has Not Recovered And Will Not Recover

Authored by Paul Craig Roberts,

The US economy died when middle class jobs were offshored and when the financial system was deregulated.

Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.

Presstitutes At Work — Paul Craig Roberts

Presstitutes At Work

Paul Craig Roberts

This morning I was stuck in front of a Fox “News” broadcast for a short period and then with a NPR news program. It was enough to convince me that Nazi propaganda during Hitler’s Third Reich was very mild compared to the constant stream of dangerous lies that are pumped out constantly by the American media.

The New York Times, Washington Post, and a couple of think-tank types were represented on NPR. They delivered the most crude propaganda imaginable and questioned no US government statement.

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